Commercial reality and the economic downturn has claimed yet another sizeable victim, with all assets of an iconic Queensland transport company going under the hammer next week.
The G R George Transport Group commenced in 1990 transporting meat between Brisbane and Sydney. The business grew from a small transport business into a significant service provider in the refrigerated transport industry, servicing the distribution routes throughout the east coast of Australia as well as Victoria, South Australia and Western Australia.
The company has seen the acquisition of Whites Westrans located in Orange NSW with its focus mainly on general freight into the central NSW region. This acquisition was formalised in August 2003 with its operations working from a purpose-built depot in Orange.
G R George operated from its main depot located at Rocklea in the south west region of Brisbane, until it found itself in dire financial straights following the collapse of the credit markets. Many of GR George’s customers were meat exporters, whose overseas clients have been finding it increasingly difficult to raise credit for trading.
GraysOnline will be conducting the multi-million dollar sale of the company’s transport fleet on behalf of corporate insolvency specialist’ David Stimpson and Paul Sweeney of SV Partners.
The traditional auction of 45 prime movers, 80 trailers, forklifts and utes will be held from 9.30am AEST on 7th April 2009 at 66 McCotter Street, Acacia Ridge, Queensland.